| At the end of the latest session, the spot price of pepper at Kochi – India floor was at Rs 38,866.65 per quintal, unchanged compared to the previous session. (Source: reNature) |
Update world pepper prices
On the world market, at the end of the last session, the spot price of pepper at Kochi – India floor was at Rs 38,866.65 per quintal, unchanged compared to the previous session.
The cross rate of Vietnam Dong against Indian Rupee applied by the State Bank to calculate export tax and import tax effective from 13-19/5/2021 is 315.27 VND/INR.
Domestic pepper price
Today’s pepper price in the domestic market traded at 63,000 – 68,500 VND/kg in localities.
Specifically, today’s pepper price in Gia Lai is the lowest in the market at 63,000 VND/kg.
Pepper price today in Dong Nai provinces (64,000 VND/kg); Dak Nong, Dak Lak (66,500 VND/kg); Binh Phuoc (67,500 VND/kg) and Ba Ria – Vung Tau at the highest threshold is 68,500 VND/kg.
According to the preliminary report of the General Department of Customs, pepper exports in April 2021 reached 32,232 tons, an increase of 819 tons, ie an increase of 2.61% over the previous month and a decrease of 3,713 tons, or a decrease of 10.33% compared to the previous month. with the same period last year.
Currently, Vietnam has completed the harvest of the new pepper season. It is estimated that the output of pepper this season will reach about 180,000 tons, down 25 – 30% compared to the previous year. Although the official number has not been announced, many experts consider the above prediction reasonable.
The Import-Export Department (Ministry of Industry and Trade) also recently said that in the 2020-2021 crop year, the country’s pepper output is expected to decrease sharply, but the trend of sustainable production increases in many places.
This agency forecasts that Vietnam’s pepper exports in the coming time will face difficulties due to the impact of the CovidD pandemic. The export price of Vietnamese pepper after a sharp increase in the first quarter of 2021 fell in April 2021 and the first two weeks of May continued to decrease slightly in some localities.
According to BQT
